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Gold Seeker Closing Report: Gold and Silver Gain Almost 1% While Dow Drops With Dollar
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 9 January 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1182.50

+$9.50

Silver

$16.57

+$0.09

XAU

85.40

+0.10%

HUI

197.55

+0.50%

GDM

625.12

+0.07%

JSE Gold

1403.62

-26.45

USD

101.98

-0.21

Euro

105.68

+0.35

Yen

86.14

+0.68

Oil

$51.96

-$2.03

10-Year

2.376%

-0.042

T-Bond

152.75

+0.96875

Dow

19887.38

-0.38%

Nasdaq

5531.82

+0.19%

S&P

2268.90

-0.35%

 
 
http://goldseek.com/news/GoldSeeker/2017/1-9gsr/1.jpg

 

The Metals:

 

Gold gained $12.88 to $1185.88 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.81%.  Silver surged to as high as $16.69 and ended with a gain of 0.55%.

 

Euro gold rose to about €1119, platinum gained $9 to $975, and copper remained at about $2.54.

 

Gold and silver equities rose roughly 2% by late morning before they fell back off in afternoon trade, but they still ended with modest gains on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Consumer Credit

Nov

$24.6B

$18.0B

$16.2B

 

Tomorrow brings Wholesale Inventories.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/1-9gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil closed almost 4% lower on concerns over rising Iraqi exports and US output.

 

The U.S. dollar index fell and treasuries rose as the Dow and S&P dropped on interest rate uncertainty.

 

Among the big names making news in the market today were Alibaba, Bank of America, Toyota, Mars and VCA, Volkswagen, Fiat Chrysler, and McDonald's.

 

GATA Posts:

 

Lawrie Williams: Bullion dealers that colluded with U.S. in 1974 have changed ownership

Indians can own as much gold as they want, and it sure beats the rupee

Ed Steer's gold and silver letter posted in the clear at GoldSeek

First Majestic Silver CEO Neumeyer endorses class-action suits against market rigging

 

The Statistics:

As of close of business: 1/6/2017

Gold Warehouse Stocks:

9,104,221.823

-5,626.25

Silver Warehouse Stocks:

180,684,928.631

-429.61

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

813.591

26,157,754

US$30,824m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,253m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$5,807m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$425m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.30: +0.90 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,612.51: No change from yesterday’s data.

 

The Miners:

 

Gold Resource’s (GORO) acquisition of additional exploration mining claims, Kirkland’s (KL.TO) 2016 gold production, and Tahoe Resource’s (TAHO) exploration results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK +6.25% $2.04

2.  Vista Gold

VGZ +5.10% $1.03

3.  Pretivm

PVG +4.17% $9.74

 

LOSERS

1.  Tahoe Resource

TAHO -1.97% $9.45

2.  Turquoise

TRQ -1.78% $3.31

3.  Agnico Eagle

AEM -1.69% $44.13

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Monday, 9 January 2017 | E-Mail  | Print  | Source: GoldSeek.com

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